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College and University Discussion
Reply to "Which college is worth $90k?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]All the ivies are worth it - if it means no loans or debt. I don’t believe in debt. [/quote] Answer the question...regardless of affording it or not, why is it financially worth it and provide evidence supporting the position.[/quote] DP, but you seem to miss the point. Worth it? What is “it”? The only thing that makes sense is “worth the sacrifice”. 90k is impossible for most people to pay, but for some, it is not really a sacrifice in the same sense: sure, they might do other things with the money, but they are not going into debt, and they are not having to subsist on rice and beans in order to send their kid to college. If I had 120k each year after expenses and retirement savings to do whatever, I might well decide that the best use of it would be sending my kid to a fantastic college. I don’t have that much money, and my DC received generous financial aid and will be attending a 90k college for far less. I guess is still a “sacrifice” for us, but only if I compared it to spending the money on home renovations or a nicer car or buying stocks. I’d rather spend the money on my kid’s school. My 40k is someone else’s 90k. I feel very very lucky. Probably no college is worth going into lots of debt for though.[/quote]
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